Oxford Asset Management LLP Purchases Shares of 2,277 Caterpillar Inc. (NYSE:CAT)

Oxford Asset Management LLP purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,277 shares of the industrial products company's stock, valued at approximately $826,000.

Several other institutional investors have also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

Shares of CAT stock traded up $0.51 during trading on Monday, reaching $306.96. 2,189,607 shares of the company's stock traded hands, compared to its average volume of 2,620,106. The company has a market capitalization of $146.71 billion, a P/E ratio of 13.91, a PEG ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm's 50-day moving average is $320.49 and its 200 day moving average is $359.48. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's payout ratio is 25.56%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of "Hold" and a consensus target price of $361.75.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.